After costs, if the gap returns to its 7d average, $10k−$13
spread now+0.174%7d average+0.057%fees + slippage, in and out−$25spread needed0.246%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni MSFTUSDT | 498.72 | 0.0100 | pay 0.0013% / 1h | 50m 04s | $159K | $7K | 50x |
| Short | Lighter MSFT | 499.59 | 0.0072 | get 0.0009% / 1h | 50m 04s | $1.1M | $537K | 20x |
ApeX Omni MSFTUSDT
Lighter MSFTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $17.44
- Funding while held
- −$0.84
- Slippage, 4 orders
- −$14.6
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$8
- Spread needed to break even
- 0.246%
Slippage from ApeX Omni: live order book, 47 min ago; Lighter: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0028%
- Per $10,000 a day
- −$0.84
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy ApeX Omni live order book, 47 min ago | 5.13 bp | 10.1 bp −$10 | 60.5 bp −$605 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 2 min ago | 1.10 bp | 2.1 bp −$2 | 8.5 bp −$85 | doesn't fit | doesn't fit |
MSFT price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni498.72cheapest
KuCoin498.90+0.036%Phoenix498.97+0.050%Coinbase International499.03+0.062%tradeXYZ499.09+0.074%Ondo Perps499.18+0.092%Polymarket Perps499.18+0.092%Gate499.19+0.094%Variational Omni499.24+0.104%Deribit499.24+0.104%edgeX499.24+0.105%Hotstuff499.29+0.114%Aster499.29+0.115%Lighter RH499.35+0.126%HTX499.38+0.132%Extended499.40+0.136%Binance499.41+0.138%Nado499.44+0.144%Vest499.44+0.144%SoDEX499.44+0.144%Bitget499.46+0.148%Orderly499.47+0.150%Aevo499.51+0.159%Phemex499.53+0.162%OKX499.54+0.164%Bybit499.55+0.166%BloFin499.55+0.166%
KuCoin
Phoenix
Coinbase International
tradeXYZ
Ondo Perps
Polymarket Perps
Gate
Variational Omni
Deribit
Hotstuff
Aster
Lighter RH
HTX
Extended
Binance
Nado
Vest
SoDEX
Bitget
Orderly
Aevo
Phemex
OKX
Bybit
BloFinLighter499.59+0.174%
Paradex499.61+0.178%QFEX499.63+0.182%Arcus499.64+0.184%Injective500.11+0.279%SunX500.23+0.303%
Paradex
QFEX
Arcus
Injective
SunXMSFT on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni MSFTUSDTlong | 0.000% | +0.0100% | 1h | $159K | $7K | 50x | |
| KuCoin MSFTUSDTM | +0.036% | +0.0100% | 8h | $1.5M | $10K | 20x | as long as short |
| Phoenix MSFT | +0.050% | +0.0048% | 1h | $10K | $15K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | +0.062% | −0.0056% | 1h | $678K | $355K | 10x | as long as short |
| tradeXYZ xyz:MSFT | +0.074% | +0.0050% | 1h | $21.8M | $8.6M | 20x | as long as short |
| Ondo Perps MSFT-USD.P | +0.092% | +0.0050% | 1h | $510K | $451K | 15x | as long as short |
| Polymarket Perps MSFT-USD | +0.092% | +0.0050% | 1h | $302K | $444K | 10x | as long as short |
| Gate MSFT_USDT | +0.094% | 0.0000% | 8h | $3.0M | $1.4M | 100x | as long as short |
| Variational Omni MSFT | +0.104% | 0.0000% | 8h | $1.3M | $717K | — | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.104% | 0.0000% | 1h | $27K | $114K | 10x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX MSFTUSDC | +0.105% | −0.0722% | 4h | $102K | $244K | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.114% | +0.0112% | 1h | $40K | — | 20x | as long as short |
| Aster MSFTUSDT | +0.115% | 0.0000% | 8h | $157K | $80K | 20x | as long as short |
| Lighter RH MSFT | +0.126% | +0.0032% | 1h | $660K | $2.1M | 20x | as long as short |
| HTX MSFT-USDT | +0.132% | 0.0000% | 8h | $58K | $230K | 20x | as long as short |
| Extended MSFT_24_5-USD | +0.136% | 0.0000% | 1h | $372K | $410K | 17x | as long as short |
| Binance MSFTUSDT | +0.138% | 0.0000% | 8h | $15.6M | $16.7M | 20x | as long as short |
| Nado MSFT-PERP | +0.144% | −0.0020% | 1h | $448K | $24K | 20x | as long as short |
| Vest MSFT-USD-PERP | +0.144% | +0.0046% | 1h | — | — | 25x | as long as short |
| SoDEX MSFT-USD | +0.144% | +0.0050% | 1h | $60K | $3K | 10x | as long as short |
| Bitget MSFTUSDT | +0.148% | +0.0005% | 8h | $3.7M | $1.7M | 100x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.150% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.159% | +0.0104% | 1h | $55 | — | 10x | as long as short |
| Phemex MSFTUSDT | +0.162% | 0.0000% | 8h | $2.1M | $643K | 10x | as long as short |
| OKX MSFT-USDT-SWAP | +0.164% | 0.0000% | 8h | $3.1M | $2.1M | 20x | as long as short |
| Bybit MSFTUSDT | +0.166% | 0.0000% | 8h | $7.3M | $1.5M | 100x | as long as short |
| BloFin MSFT-USDT | +0.166% | −0.0016% | 8h | $194K | $186K | 20x | as long as short |
| Lighter MSFTshort | +0.174% | +0.0072% | 1h | $1.1M | $537K | 20x | |
| Paradex MSFT-USD-PERP | +0.178% | +0.0050% | 8h | $220 | — | 5x | as long as short |
| QFEX MSFT-USD | +0.182% | +0.0044% | 1h | $1.2M | $4.6M | 10x | as long as short |
| Arcus MSFT-USD | +0.184% | +0.0573% | 1h | $111K | $75K | 10x | as long as short |
| Injective MSFT/USDC PERP | +0.279% | +0.0220% | 1h | $115K | $88K | 30x | as long as short |
| SunX MSFT-USDT | +0.303% | 0.0000% | 8h | $6K | $4.3M | 20x | as long as short |